MODV Forecast


Bullish Case: MODV's non-emergency medical transportation market shows strong projected growth (8.2% CAGR) [Yahoo]. The price return surface suggests higher probabilities of positive returns for longer holding periods [Helium]. Insider buying at prices above current level indicates confidence [Yahoo].


Bearish Case: MODV faces short-term volatility and price decline (-70.6% from two years ago) [Helium]. The high implied volatility (94-192%) and increased put option volume suggest market pessimism [Helium][Helium]. Historical mean reversion might imply further downside [Helium].


Potential Outcomes: MODV rises 20% by year-end: 25% (Continued market growth [Yahoo]), declines 15%: 50% (Mean reversion [Helium][Helium], increased uncertainty [Helium]), remains flat: 25%. Short-term volatility likely persists due to market structure [Helium].


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June 28, 2024


ModivCare Forecast

MODV      ModivCare











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ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (0.82)


HE Forecast + Options Trading Strategies   HE  Hawaiian Electric Industries (0.81)


FIGS Forecast + Options Trading Strategies   FIGS  Figs (0.79)


CNXC Forecast + Options Trading Strategies   CNXC  Concentrix (0.79)



Uncorrelated Assets

Assets with little price relationship to MODV



EXR Forecast + Options Trading Strategies   EXR  Extra Space Storage (-0.0)


LSCC Forecast + Options Trading Strategies   LSCC  Lattice Semiconductor (0.0)


NE Forecast + Options Trading Strategies   NE  Noble (-0.0)


KHC Forecast + Options Trading Strategies   KHC  Kraft Heinz (-0.0)


PARR Forecast + Options Trading Strategies   PARR  Par Pacific (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against MODV



VLO Forecast + Options Trading Strategies   VLO  Valero Energy (-0.79)


CNX Forecast + Options Trading Strategies   CNX  CNX Resources (-0.8)


SU Forecast + Options Trading Strategies   SU  Suncor Energy (-0.81)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.81)


SM Forecast + Options Trading Strategies   SM  SM Energy (-0.81)





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